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The Euclid International Team Joins Duff & Phelps

This Fall, the International equity team at Euclid Advisors LLC, a wholly-owned subsidiary of Virtus, is joining Duff & Phelps Investment Management Co. ("Duff & Phelps"), another subsidiary of Virtus. As a result, the Euclid International Strategy will now be the Duff & Phelps International Equity strategy.

The International team is excited about the opportunity to be part of Duff & Phelps, which was founded in 1932 as a fundamental research firm. This alignment provides us the operational platform to support current and future growth. This transition will result in no changes to the International investment process or the portfolio management team. Please visit us at http://www.dpimc.com or call us directly for more information.

Annual Lipper Fund Awards: The Virtus Global Real Estate Fund had the highest “Lipper Leader for Consistent Return (Effective Return)” value in its classification for the three-year period. Lipper ranks the fund based on the total return as of 12/31/15. The fund is ranked within a universe of funds similar in portfolio characteristics and capitalization. Rankings do not include the effect of a fund’s sales load, if applicable. Lipper ranking is for Class I shares only, other classes may have different performance characteristics.